Saudi Stock Exchange (Tadawul)-listed Red Sea International Company has inked a $16.14mn (SAR60.54mn) with The Red Sea Development Company, the developer behind the world’s most ambitious regenerative tourism project, The Red Sea Project.
Red Sea International’s scope of work entails design, manufacture, supply, and install three complexes in the Western region, to support the construction activities of luxury hotels on three islands in the Red Sea (Sheybarah/Ummahat Al Shaikh islands), the modular specialist posted in a stock market missive on Tadawul.
The facilities consist of various types of modular units which can be used as accommodations or offices. These units will be fully furnished to provide all the requirements for the crew working on the construction of these projects.
